How much can I contribute to HSA 2018 Pathways?

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2018 HSA contribution limits and catch-up

When it comes to contributing to your HSA in 2018, it's important to understand the limits and guidelines in place. As an individual, you can contribute up to $3,450, and for families, the maximum contribution is $6,900. However, if you're over the age of 55, you can make an additional catch-up contribution of $1,000. These contributions are tax-deductible, meaning you can save on taxes while growing your savings for healthcare expenses.

Contributing to your Health Savings Account (HSA) in 2018 is a savvy way to manage your healthcare costs. As an individual, remember that the contribution limit is $3,450, while families can contribute up to $6,900. If you're aged 55 or older, don’t forget about the additional $1,000 catch-up contribution that can boost your savings for future medical expenses.

IRS limits, penalties, and who can contribute

It's essential to keep track of your contributions throughout the year to ensure you don't exceed the limits set by the IRS. Any excess contributions may be subject to penalties. Additionally, contributions to your HSA can be made by you, your employer, or both, but the total amount contributed must not exceed the annual limits.